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May 30, 2015 9:37 AM ET

Capital Markets

Company Overview of Kuwait Investment Authority

Company Overview

Kuwait Investment Authority is a sovereign wealth fund of the Government of Kuwait. It primarily invests in real estate, private equity, public equity, fixed income, and alternative investment markets across the globe. Within fixed income investments, the firm seek to invest in government-owned securities, agency/corporate bonds, TIPS, and treasury bills within North America, Europe, Asia and Emerging Markets. For its equity investments, it invests in value and growth stocks of companies across all market capitalization. The firm’s alternative investments comprise of private equity markets, Hedge Funds, funds of funds, and real estate markets. It benchmarks the performance of its Canadian la...

Ministries Complex

AlMurqab

Kuwait City,  13001

Kuwait

Founded in 1953

Phone:

965 2 485 600

Key Executives for Kuwait Investment Authority

Chief Executive Officer, Managing Director, and Director
Executive Director of Operations and Administration
Executive Director of General Reserves
Executive Director of Alternative Investments
Compensation as of Fiscal Year 2014.

Kuwait Investment Authority Key Developments

KIA To Sell Some Profitable Companies

Parliament's Public Funds Protection Committee has reported huge financial losses worth 108 million by Kuwait Investment Authority (KIA) due to selling of a number of real estates in several European countries reports Al-Rai daily. The committee also opposed the government's intention to sell a number of profitable companies such as Agricultural Products Company. During the committee meeting the discussions revolved around the report issued by San Martin as per which 43 million was lost due to selling of a number of real estates in London 27 million loss in Holland 35 million loss in Germany and 3 million loss in Belgium. Abdullah Al-Turaiji, Chairperson of the committee said the committee also discussed the intention of KIA to sell some profitable companies such as Agricultural Products Company for KD 8.5 million stressing that such a deal is unacceptable. He said the response of the chairperson of KIA was unconvincing due to which the committee decided to wait for the Minister of Finance to return so that another meeting can be held to decide on the procedures to be taken for handling the report on these huge losses. He revealed that the committee discussed about selling some companies owned by the government especially those that produce huge revenues and have a large number of Kuwaiti employees.

KIA Plans To Sell Stake In KINV

Kuwait Investment Authority (KIA) is decided to resume selling stakes in Kuwait Investment Company S.A.K. (KWSE:KINV) in the first half of 2015, state news agency KUNA reported. The decision was made by KIA's Board of Directors late on October 22, 2014, KUNA quoted the sovereign wealth fund as saying.

Kuwait Investment Reportedly Bids For British Land

Kuwait Investment Authority reportedly made a £8.99billion or £9 a share cash bid for The British Land Company Public Limited Company (LSE:BLND).

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
October 14, 2014
Sanitec Corporation
Private Placement
June 18, 2014
Nanthealth, LLC
 

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